Realty Income (NYSE:O) Stock Rating Lowered by Scotiabank

Realty Income (NYSE:O) was downgraded by investment analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a report released on Wednesday, Marketbeat.com reports. They currently have a $59.00 price target on the real estate investment trust’s stock. Scotiabank’s price objective indicates a potential upside of 4.47% from the company’s current price.

Several other equities analysts have also issued reports on O. UBS Group set a $67.00 price objective on shares of Realty Income in a report on Thursday, June 18th. Robert W. Baird upped their target price on Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 6th. Evercore set a $65.00 target price on Realty Income in a research report on Monday. Wells Fargo & Company cut their price target on Realty Income from $65.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 1st. Finally, Royal Bank Of Canada cut their price target on Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $66.23.

Realty Income Stock Performance

O stock opened at $56.48 on Wednesday. Realty Income has a 1-year low of $55.86 and a 1-year high of $67.93. The business has a 50-day moving average price of $62.16 and a 200 day moving average price of $62.39. The company has a market capitalization of $53.44 billion, a P/E ratio of 41.22, a PEG ratio of 4.03 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the business earned $1.05 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities research analysts forecast that Realty Income will post 4.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Realty Income

Several institutional investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in Realty Income by 3.4% during the second quarter. State Street Corp now owns 65,929,425 shares of the real estate investment trust’s stock worth $4,102,484,000 after buying an additional 2,166,180 shares in the last quarter. Security National Bank of Sioux City Iowa IA increased its holdings in Realty Income by 27.2% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 42,266 shares of the real estate investment trust’s stock valued at $2,619,000 after buying an additional 9,040 shares in the last quarter. MCF Advisors LLC increased its holdings in Realty Income by 43.2% in the second quarter. MCF Advisors LLC now owns 3,455 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 1,043 shares in the last quarter. National Pension Service raised its position in shares of Realty Income by 3.1% in the second quarter. National Pension Service now owns 1,668,650 shares of the real estate investment trust’s stock worth $103,390,000 after acquiring an additional 50,790 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of Realty Income in the second quarter worth about $936,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

About Realty Income

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.

Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses.